There is a $100 administrative fee assessed in addition to tuition each semester.

How much is the enrollment deposit?

The standard non-refundable enrollment deposit is $250.

Can I use financial aid to cover the deposit?

Federal student aid cannot be used to pay the deposit.

Will I be able to view my award before submitting the deposit?

Yes, you will be able to view your award prior to submitting your deposit.

When will I receive a tuition bill

You will be billed approximately 6 weeks before the start of the term, and the bill will be due 3-4 weeks prior to the start of the term. If you register after the billing date, then you will be billed on the next business day after registration.

How do I pay my bill? (Electronic debit, check, money order, etc.,)?

There are two steps required to pay your bill and confirm your attendance. Once you have received your bill, confirm your attendance online even if you have a zero credit balance. Once in BearWeb choose Student Financial Services. Next, click on Student Account and then Confirm Your Attendance. Then, pay in full or make your down payment and self-enroll in a payment plan using the E-Bill System. Billing and payment methods can be found on the Student Financial Services site.

A $100 late payment fee will be assessed if financial settlement is not completed by the due date. Please make sure your payment is received by the Cashier's Office to avoid the late fee.

Does Baylor offer payment plan options?

Payment plans are available to undergraduate and graduate students, part-time or full-time, with the exception of the online MBA students. The payment plan divides the financial obligation into monthly payments, the number of which depends on the length of the term. Payment plan enrollment requires a down payment and payment of the plan setup fee. This will allow the student's account to be financially settled for the term.

What are the consequences if my bill is not paid when classes begin

You are responsible for dropping your classes if you do not intend on taking the course that semester. Students are expected to pay in full or enroll in a payment plan before the start of the semester. If you do not pay the bill, a hold will be put on your account preventing course registration until paid.

Financial Aid at Baylor

Are there any school specific supplemental financial aid forms I need to complete?

We require that all admitted students complete a current year FAFSA for consideration of financial aid programs. Also, in order for your loans to disburse, you will need to complete the Master Promissory Note and Entrance Counseling for both the Direct Unsubsidized Loan and the Direct Graduate PLUS Loan. Complete Loan Counseling here.

What are the minimum number of credits required to receive federal student aid?

In order to be considered at least halftime enrolled, 5 credit hours are required.

Once admitted, how long will it take to receive my FA award notification?

Normally between 7 - 10 business days after you are admitted.

How will I receive my financial aid award notification?

An email award notice will be sent to your Baylor email address within 7-10 business days after being admitted, as long as we have a completed FAFSA application on file. Awards can be viewed via your BearWeb account. Login instructions and action steps will be provided in the email notice when awards are available.

How do I accept my student loans?

Your federal loan eligibility will appear listed on your award page in BearWeb. From there, you will be able to accept the entire loan amount, a portion, or decline the offer.

Am I required to accept the full amount that I am offered?

No. You have the option to accept all, part of, or decline a portion of your financial aid award.

Does my Direct Loan eligibility cover the entire cost of the program?

Assuming you are eligible for both the Direct Unsubsidized Loan and the Direct Graduate PLUS Loan, you may borrow for tuition and fees in full.

How soon will loans disburse to my student account?

Federal student loans do not disburse earlier than 10 days prior to the start of classes following registration. Please note: the disbursement schedule is not the same as the refund schedule.

Can I use loans to cover any additional expenses (housing, books, supplies, etc.)?

The total cost of attendance (COA) for the academic year includes tuition, fees, and living expenses. If you have eligibility for additional loan funds based on your COA, you are able to use those resources to cover expenses such as books, supplies, and living expenses.

Can I use student aid to cover immersions?

If you have eligibility for additional loan funds/refund, you are able to use those resources to cover immersion expenses.

Who can I contact at Baylor for financial aid questions?

The Student Financial Aid Office at Baylor University is more than happy to answer your questions. Please call us at 252-710-2611 or via e-mail at Financial_Aid@baylor.edu. Please include your Baylor ID in all your email correspondence.

The FAFSA is available online at the FAFSA website. The FAFSA is a FREE application; You will not be asked to pay.

What is the University FAFSA school code?

The Baylor FAFSA school code is 003545.

Do I need my parents’ tax information to complete the FAFSA if I live on my own?

If you are applying for graduate school, you do not need your parents’ information to complete the FAFSA.

When should I complete the FAFSA?

The FAFSA is available every October for the upcoming academic year. If you are planning to use federal student aid, you should complete your FAFSA while applying for admission. Also, you must complete the FAFSA each academic year in order to remain eligible for federal student aid. Please reference the chart below to determine which FAFSA to complete based on your desired start date:

FAFSA Dates

Start

Term

FAFSA Year

January 2019

Spring

2018-2019

May 2019

Summer

2018-2019

What constitutes an academic year for federal student aid?

An academic year is the year for which financial aid is used to fund your education. Generally, this is the 12-month period that begins on July 1 of one year and ends on June 30 of the following year.

Yes, you will need to complete the FAFSA for each academic year in which you plan on applying for federal student aid.

Why am I not eligible for the Pell Grant or Federal Subsidized Loan?

The Department of Education awards Federal Pell Grants and Subsidized Loans to eligible undergraduate students who have not yet completed their bachelor degrees and who demonstrate financial need. The Department of Education does not evaluate need or income for loans at the Graduate/Professional level. Therefore, graduate students are not eligible for the Federal Pell Grant or the Direct Subsidized Loan.

Direct Unsubsidized Loan

What criteria is used to determine eligibility for federal student aid?

In order to apply for federal student aid, you must:

Be a U.S. citizen or eligible noncitizen

Have a valid SSN

Be registered with Selective Service, if you’re male (must register between the age of 18-25)

Be enrolled or accepted for enrollment in an eligible degree program

Be enrolled at least halftime in an eligible program

Maintain satisfactory academic progress

Not currently be in default on previous student loans borrowed through FSA

What if I am currently in default or have defaulted on a prior federal student loan?

Visit the National Student Loan Data System (NSLDS) and contact your lender for details on how to clear the default. Students in default are not eligible for additional federal loans until the default is cleared.

What is the difference between a Direct Unsubsidized Loan and a Direct Subsidized Loan?

Direct Subsidized Loans are available to undergraduate students with financial need. The U.S. Department of Education pays the interest on subsidized loans while students are enrolled in their undergraduate program. Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. The Unsubsidized Loan begins accruing interest as soon as funds are disbursed. Learn more about the difference between unsubsidized and subsidized loans.

To apply for a Direct Loan, you must first complete and submit the Free Application for Federal Student Aid (FAFSA). The information from your FAFSA will be used to determine how much student aid you are eligible to receive.

There is a loan origination fee that is a percentage of the total loan amount. The loan origination fee is deducted proportionately from each loan disbursement you receive. Information on Unsubsidized loan origination fees can be found on the Interest Rates and Fees page of the Federal Student Aid website.

Direct Graduate PLUS Loan

What is the Direct Graduate PLUS Loan?

The Direct Graduate PLUS Loan is a federal loan that graduate or professional degree students can use to help pay education expenses in addition to the Direct Unsubsidized Loan. Learn about Direct PLUS Loans.

What are the eligibility criteria to apply for the Direct Graduate PLUS Loan?

In order to apply for a Direct PLUS Loan, you must:

Be a U.S. citizen or eligible noncitizen

Have a valid SSN

Be registered with Selective Service, if you’re male (must register between the age of 18-25)

Be enrolled or accepted for enrollment in an eligible degree program

Be enrolled at least halftime in an eligible program

Maintain satisfactory academic progress

Not currently be in default on previous student loans borrowed through FSA

Not have exceeded the maximum aggregate loan limit

Not have an adverse credit history

*Graduate PLUS loan is based on credit history*

Does the Direct Graduate PLUS Loan affect my aggregate loan limit?

No. Only Direct Subsidized/Direct Unsubsidized Loans (formerly referred to as Stafford loans) and Federal Loans made through the Federal Family Education Loan (FFEL) Program count towards your aggregate loan limit.

What are the credit criteria to receive the Direct Graduate PLUS Loan?

If approved for the Grad PLUS Loan, you can borrow up to the cost of attendance as determined by Baylor.

When can I apply for the Direct Graduate PLUS Loan?

You can apply for the Graduate PLUS Loan within 180 days prior to the start of your program or once you are enrolled. However, loans will not be certified until you have registered for the term.

How do I apply for the Direct Graduate PLUS Loan?

In order to apply for the Direct Graduate PLUS Loan, you must first complete the Free Application for Federal Student Aid (FAFSA). Once you have completed the FAFSA, you can apply for the Direct Graduate PLUS Loan by completing the credit application at StudentLoans.gov. Also complete the Graduate PLUS Loan Agreement Master Promissory Note (MPN).

There is a loan origination fee that is a percentage of the total loan amount. The loan origination fee is deducted proportionately from each loan disbursement you receive. Information on PLUS loan origination fees can be found on the Interest Rates and Fees page of the Federal Student Aid website.

Loan Repayment

Do I have to pay my student loans back while I’m in school?

You are not required to pay your student loans while you are in school as long as you are enrolled at least halftime. Your unsubsidized loan will go into repayment six months after you graduate, take a leave of absence, or fall below halftime status. We encourage students to make interest only payments while in school, if they are able.

When do I have to repay my loan?

After you graduate, leave school, or drop below halftime enrollment, you will have a six-month grace period before you are required to begin repayment. During this period, you'll receive repayment information from your loan servicer, and you will be notified of your first payment due date. Payments are usually due monthly. You are not required to pay while in school, however, if you choose to, there is no penalty to prepay. Learn more about repayment timelines.

A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan including both graduate and undergraduate loans. The result is a single monthly payment instead of multiple payments. Be sure to research your options prior to consolidating loans because this may impact your eligibility to qualify for certain loan forgiveness programs. Learn more about loan consolidation.

Visit Vets.gov to complete the Education Benefits Application, which generates a request for the Certificate of Eligibility (COE). Once approved for benefits, the COE is mailed to you from the VA within 6-8 weeks from submitting the application.

What is the difference between active and non-active duty?

Active Duty pertains to someone in the military full-time who is not currently eligible for the Yellow Ribbon Program (YRP). Non-Active Duty pertains to someone who is not currently serving, or no longer serving in any capacity of military service of the United States, and is eligible for YR if at 100% per the COE.

What are the eligibility factors for the Post 9/11 GI Bill?

You are potentially eligible if you have at least 90 days of aggregate active duty service after Sept.10, 2001, are still on active duty, or if you are an honorably discharged Veteran, or were discharged with a service-connected disability after 30 days. Learn more about the Post-9/11 GI Bill.

What are the current Tuition and Fee Payments and Monthly Housing Allowance (MHA)?

The Yellow Ribbon Program allows degree-granting private colleges and universities in the United States to voluntarily enter into an agreement with the VA to fund tuition expenses that exceed the annual maximum cap for the resident tuition and fees at public institutions. Veterans who are utilizing Post-9/11 GI Benefits and who are entitled to 100% of their benefit may be eligible. To participate in the Yellow Ribbon Program, you must be using Post-9/11 GI benefits at 100% eligibility, not on active duty, and not a military spouse. Participation in the Yellow Ribbon program is optional and available on a first come, first serve basis to a limited number of eligible undergraduate students only. Learn more about the Yellow Ribbon Program.

Who can I contact at Baylor for questions about using Military Education Benefits?

The Office of the Registrar, Veteran Services division, is ready to assist active duty service members, veterans, and their eligible dependents and spouses in obtaining their educational benefits. The Baylor University VA Coordinator is Jessica Alford. Email: Jessica_Alford@baylor.edu Phone: 254-710-8241.